Recently came across this on my LinkedIn. Just out of curiosity how does this happen. I mean the guy started as an Associate 2.5 years back and is now a VP.
VPs are inflated titles in investment banks and other financial services companies. Such companies often have hundreds or even thousands of VPs.
This was done to make their clients believe that they're interacting with important people ("VPs") even though they're interacting with someone with 3-4 years of experience.
Once I went to private banks HQ for meeting with VP, I thought meeting will be in his cabin but whole floor was filled with VPs only 😂😂😂😂
In financial companies, VP is given out like cakes.
In Banks VP is a starter grade. Campus hires are VPs.
In IBs, you can easily become a VP in 2-3 years by just using vlookup and pivot in excel. It’s similar to Assistant Manager designation being given in banks. The more knowledge you have, more time it will take for you to get promoted, bcz in that case company has to justify why this person has so much knowledge and know so much about work even at higher position.
Why are there so many VP at Black Rock on LinkedIn with comparatively lesser YOE than it usually requires to be VP. Almost every one is 28-32 y.o. and there are 20-30 atleast in the NCR. Very less from IIMs,IITs so we can't discount th...
I remember reading about this. The explanation was that people or HNI prefer talking to people in higher positions. S...
Would love to know more about how offices are allocated , work I will do and how is the culture perks and salary
Heard from people I know at Bain that they are laying off. This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding)
A friend got impacted. Seems like this could be 10-15% of their...
When I think I should leave my job and start searching, Grapevine pops one of these scary items 😭
